Charles Morley from Metro Bank says the demand for this type of mortgage has risen following the implementation of MCD.
Metro Bank has announced it will now accept consumer buy-to-let applications.
The new product will support landlords where at least one of the applicants does not own any other buy-to-let properties and where they or a close relative has resided in the property since its purchase.
Charles Morley, director mortgage distribution at Metro Bank, said: “We’ve seen significant demand for this type of mortgage following the implementation of the European Mortgage Credit Directive (MCD) and are pleased to now be able to offer the product to landlords up and down the country.”
